Skip to content
Land & New Construction

User Stats

158
Posts
117
Votes
Michael Randle
  • Aurora, CO
117
Votes |
158
Posts

Free and clear property as collateral?

Michael Randle
  • Aurora, CO
Posted Feb 20 2017, 21:45

I hope to keep this an easy question. Sorry for posting this in two places but I am not 100% sure this is the right place.

If I have a free and clear land that I want to build a 5+ building on, will a bank accept the title to the land, or can I use land as collateral to secure a loan and build on it? I know there are probably some fine tune details to get it cleared but fundamentally would someone be able to use collateral for new Multi-family construction?

Thanks!

Loading replies...